fitbit earned more money than expected in its ipo. pimm: and president obama will get a new vote in the house for his trade bill after it was blocked last week. olivia: and mcdonald's has a turnaround plan as well as summer menus. ♪ pimm: good afternoon. i'm pimm fox. olivia: and i am olivia sterns. let's take a look at the markets of the sour. equities are higher across the feds said they would raise great more -- raise rates were gradually. so you are seeing oil rising a little bit and there is the

outlook for the dollar. there you go. we'll futures are up and the dollar weakens a little bit. gold futures is up i about 2%. pimm: let's take a look at the fixed income markets and see how the bonds are selling off. the yield on the 30 year is at 3.14fter those comments -- after those comments from the fed. thehe euro strengthens -- euro is strengthening, and also strengthening against the dollar. und sterling is also strengthening against the dollar. let's take a look at the stories crossing the bloomberg terminal. the man suspected of shooting nine people at a south carolina church has been caught this hour. dylann storm roof was caught just moments ago and this was

announced by u.s. attorney general loretta lynch. he was stopped during a traffic stop. he went to a church last night and stayed for a prayer meeting and opened fire. the arrest was confirmed at a press conference just moments ago. >> we have made an arrest in this case. we have arrested dylann storm f, from shelby, south carolina. pimm: the fbi is assisting police. one of the people killed was a pastor and the other was a state senator. we are also awaiting comments from president obama. a woman accused of providing -- theor tw woman accused of providing tools prison alsoers in

said that they had planned to kill her husband. they busted out of the 170-year-old facility on june 5. more than 150 officers are involved in the search on its 13th day. the philly fed factor index is at 15, and economists factored -- figured it would be at eight. the bloomberg consumer comfort index stabilized after falling for a weeks.nine consecutive the recent decrease coincided with an increase in gasoline prices. pope francis has issued his much-anticipated statements on the environment today. he is calling for a bold correction of the structurally perverse economic system of the rich exploiting the poor. he says it is turning the earth into an immense heil of filth. conservatives say the pontiff should not be weighing in on

such controversy or. and european finance ministers are meeting today to reach a deal on greece's debt that would give it more bill out money. able to payot be its bills in two weeks. angela merkel says a deal is possible, that only and only if greece follows through on its promises. i am stillel: convinced if there is a will, there is a way. if political leaders in greece show this will, then a solution is still possible. olivia: the three institutions involved are the so-called bank,, the imf, the world and the european central bank. and wi-fi capacity is being rund to cuba's state

computers. internet access remains illegal for much of cuba's population. u.k. parliament is literally crumbling. there was a fire in 1834, but wes minister hall is not -- westminster hall is 900 years old, which is lovely, but it needs repairs. still coming up on the "bloomberg market day," the state department will abandon the kids of tradition by not meeting at historic the waldorf-astoria hotel after it has been purchased by a chinese company. pimm: an jimmy lee died suddenly yesterday at the age of 62. we will be remembering him. olivia: and paying out giant bonuses to senior employees why he had to make do with just 4 million euros. poor guy.

feeling rather robust this morning, after it announced the ipo on the new york stock exchange. earlier today, we spoke with james park, he is the chief executive of the company and he talks about how he plans to reach new customers. let's listen. is a huge market, and there is no one-size-fits-all. we have a wide range of products, different mobile platforms, so we really want to give people multiple ways to enter our ecosystem. olivia: here now to talk more about fitbit's future is jeff, at saw fitg partner to it. -- soft fit. held 6.2 million shares

, so we still have the bulk of the shares. olivia: was now the right time for fitbit to go public? jeff: based on their economic result, it was right for them. it was great timing. olivia: so they have been on par with growth. jeff: in terms of profitability and ratios and growth, it is there. totallytotally fair and legitimate, and i think that is reflected in its market valuation, but this is when markets are seen samsung and apple go head-to-head. this has to make you nervous as a shareholder. the shares will sort of increase in terms of dollar numbers, maybe not in terms of percentage, they have 18% right now, that the fact that some had

some gears and watches that weren't as successful in the past, yes, there is the apple watch, which has not been so successful in the early options. tell i wonder if you could us when you first learned about fitbit and how did you invest in the company? on july 9, an e-mail 2000 eight, by a friend of mine who introduced me to james park ad said that he was building a pedometer,r -- and he said it would be an awesome investment. and we wondered how much money that we could use to get the company up and running. so i met the guys and i thought that they had an awesome concept and i decided to invest. the only sad thing is i could

only invest $125,000 in that initial round. i was not hyper convinced. working with them over the last couple of years, they are sort of my best under for newer's -- entrepreneurs in my portfolio. olivia: what would you like to see fitbit do with the money they raise? that what is amazing is there is a $6 billion raise and a 6 billion dollar valuation, so if you consider that a return on investment, so their eyes -- so there is more product development and more research and development. , theyyou think about this can further establish their brand. pimm: did you get any more e-mails from the person who introduced you to james park at fitbit? i mean, what else is in the pipeline? jeff: in the wearable device

category, i have looked at smart clock, and i am actually working on a secret project right now which i am super excited about an i call it the next fitbit. olivia: you took a little bit of a shot at the apple watch earlier, what do you think about that if you are investing in future wearables? huge apple i am a fan. of, good because it does not work as well as products from other companies. clearly right now, people use it information, so i would look at buying a second or a third-generation. pimm: do you use airbnb? jeff: i do. pimm: what do you think of that

investment -- as far as an investment? jeff: i wish i had not passed. three hustlers who said they had a company called air bread and -- air that in breakfast and they needed an investment. olivia: is it worth $24 billion, that is the latest valuation? pimm: that is going to make him cry. more stories have than this. olivia: but seriously, it has more valuation than marriott. is the think there situation where public market investors try to get involved early but guess what?

people who try to get into an ipo today couldn't. people who try to get $40 million in want to avoid this and that is why they are sort of plunging into airbnb and over -- and uber. pimm: you mentioned uber. what do think, a public company by next year? jeff: i don't know, but from what we are hearing from this scale, it seems like they are doing what they want. but with this overlook of the market, i don't know. i think they still want to build their footprint. but those are often companies. they have massive revenues and massive scale, so i won't go and say those valuations aren't justified, but clearly, there are very, very high. olivia: do you have a fitbit on? jeff: not right now. pimm: do you invest in it and also where it?

-- wear it. i wrote an article about how he invested so much money and also lost weight. olivia: not bad. pimm: not bad. and the u.s. state department is ieu tog to do -- ad the waldorf-astoria hotel. ♪

pimm: welcome back to the "bloomberg market day." i am pimm fox. i am joined by olivia sterns. let's go right over to julie hyman. julie: the dow and the s&p have

both seen rallies, it is the best since march. so a rally across the board on this perception that the feds signaled yesterday that the interest rate is going to be gradual. we have a longer-term chart of the nasdaq as well. and this goes all the way back to 2000 when we saw a prior record for the nasdaq. at my bloomberg terminal, i have a chart of the three major averages adjusted for percentage. this is the best since the market bottom in march of 2009. so in percentage terms, the nasdaq has had to climb the most. up a0% and the s&p is little bit over 200%, the dow is so those are5%, the percentage increases that each has seen. 175%, so those are the

percentage increases that will each has seen. harley davidson is having is best single day in an eight , the company yesterday said it was expanding its buyback authorization by 15 million shares. this added to an authorization from february of last year for 20 million shares, but it has only used about 16 million of that authorization. nonetheless, the shares are rallying here. analysts are saying the buyback is "a pretty clear statement that harley is willing to finally putting more cash to work." are happyly investors about this. we are also looking at trip advisor. the company saying yesterday that marriott has signed on to its instant booking tool so marriott hotels be part of that new tool and it had a big two increase, so it jumped

yesterday and is continuing that upward trajectory today. in of the best performers the s&p 500 today is ralph laurent. it is up about 3%. company has the 2016raging increases and will likely be a company trough offerings ared proving successful with consumers. olivia: wow, well i certainly hope so, it has been a rough year for the company. stocks have been off since january. pimm: thank you so much, julie hyman. pieces of -- assets from peter made off are

being sold off during auction. his long island mansion was sold for $3.5 million. warren buffett burger hathaway is increasing stakes to about 3.5%. this comes after the kitchen maker merger with kraft foods. a stakee able to make in heinz for just one cent a share. and the burger chain that added supersize to the american vocabulary is slimming down. for the first time in more than four decades, nick don a is planning to close or restaurants in the united states that it opened this year. that has not happened since at least 1970. that is a look at the top stories this hour. olivia: also, we want you to know that we are waiting for president obama's comments on the shooting at that south

carolina church last night. let's join peter. peter, what is the latest? we now know that the department of justice has opened an investigation into this shooting, obviously it is a hate crime. president obama will be giving a speech on this soon, he is on his way to california. he is about to step on marine one, but he is going to make a comment before that. on capitol hill, as we await the house is to speak, the voting as we speak to give the president fast-track trade authority on that trade agreement. cook, i was wondering if you could just expand on the role that the bureau of investigation and the justice department is taking in this ongoing investigation to the shooting in south carolina? i can tell your:

the federal law enforcement agents were -- pimm: all right, let's -- vice president: joe biden spoke with the mayor ofsouth carolina -- mayor trusting, south carolina and i did as well to express our condolences regarding the shooting last night. michelle and i know several members of the emmanuelle ame , whoh, we knew the pastor along with eight others gathered for prayer and membership and were killed with eight others last night. we are here to say that our thoughts and prayers are with them and with the families and with the communities. that does not say enough to convey the heartache and the sadness and the anger that we feel.

any death of this sort is a tragedy. any shooting involving multiple victims is a tragedy. something particularly heartbreaking about a death happening in a place in which we seek solace. these --e that we see seek peace. in a place of worship. is more than ale place of worship. this was a church that was founded by african-americans seeking liberty. this was a church that was burned to the ground because it's worshipers worked to end worshipers worked to end slavery. afterwards, they met in secret.

-- a was a nine file and nonviolent movement to stop racism just steps from the church. this was a sacred place in the history of charleston and in the history of america. the fbi is now on the scene with local police and more of the bureau's best are on the way to join them. the attorney general has announced plans to the fbi to open a hate crime investigation. we understand that the suspect is in custody, and i will let the best of law enforcement do its work to make sure that justice is served. until the investigation is constrained from talking about details from the case. what i don't need to be constrained about the emotions

this tragedies like race. i have had to make statements about these kinds of situations too many times. communities have to endure these too many times. we don't have all the facts, but we know that once again, innocent people were killed in part because someone who wanted to inflict harm had no trouble getting their hands on a gun. morning --time for mourning and for healing. but let's be clear. a countryint, we as will have to reckon with the fact that this kind of mass violence does not happen in other advanced countries. it doesn't happen in other places with this kind of frequency. it is in our power to do something about it.

i say that recognizing the for closen this town a lot of those avenues right now lose a lot of those avenues right now. is going tot, this be important for the american people to come to grips with this. for us to be able to shift how we think about the issue of gun violence collectively. the fact that this took place in a black church obviously also raises questions about a dark part of our history. this is not the first time that black churches have been attacked. we know that hatred across races and faiths pose a particular threat to our democracy and our ideals.

is, i am confident that the outpouring of unity and strength and fellowship and love across charleston today from all , from allm all faiths places of worship indicates the degree to which those old vestiges of hatred can be overcome. that certainly was dr. king's hope, just over 50 years ago, after four little girls were killed in a bombing at a church in alabama. he said they lived meaningful lives and they died [indiscernible] mustid that each of us courage for caution and we must think about the way of life and philosophy which produced the murders. their deaths say to us that we

passionately and unrelentingly for the realization of the american will hold on,ne he will discover that god walks with him and that god is able to lift you from the fatigue of despair to the buoyancy of hope, and transform dark and desolate valleys into sunlit paths of inner peace. the reverend and his congregation understood that spirit. their christian faith compelled them to reach out not just to members of their congregation, or to members of their own communities, but to all in need. they opened their doors. toy opened their doors strangers who might enter a church in search of feeling or redemption -- healing or redemption.

mother emmanuel church and its congregation has risen from flames, from an earthquake, and from other dark times to give hope to generations of trellis charleston -- ians. it will raise again soon in a time of peace. thank you. that was president obama they're speaking at the white house regarding the tragic shooting in charleston, s.c.. nine people were killed in what is apparently a hate killing. a very moved and disturbed president obama there say where there must be a point where we acknowledge that these kinds of shootings out happen in other developed nations. in the meantime, another big -- big storyning

happening in washington, d.c., and i want to get back to peter cook. it does now appear that the house has the votes for the international pacific trade deal. peter, what can you tell us? my understanding is that it has the votes and it revives president obama's agenda. him and his fellow democrat -- he and his fellow democrats have been battling this issue. this now has to go back over to the senate where democrats are going to be asked, at least a handful of them, to cast a very difficult vote and then ask speaker boehner to carry through whichir side of the deal would give assistance to american workers who are affected and displaced by these trade deals. they have advocated and they said they will push to get those not only on the floor but also get those back to the president.

so this drama still has to play out, and once again, the president's trade agenda is getting more life on capitol hill. more toughtill votes to come. down,since it was voted there have been candidates like hillary clinton who have commented upon the trade will. what does passage now due to those comments of political maneuverings? to her veryistened careful comments, from hillary clinton, regarding her ideas of this trade deal. if you listen very carefully, she had support for the house democrats who stood in the way. the had to go back to targeting table and deal with the republicans regarding this trade deal. did not officially way indirectly. she didn't support the president but she didn't really stand in the way. point for anyough

democrat on the campaign trail. i spoke with chris coons this morning, a democrat from delaware who supports the president on the fast-track bill. back home an earful who thinks that he is on the wrong side of this debate. so a very tough vote for democrats, so this is not over and it is going to be very tough politics. peter, just a final word from you about the president's reaction to the shooting in south carolina at the emmanuel african methodist episcopal church and the death of the pastor. shaken president, and he used the words of martin luther king to define perhaps some change as he said, inner attitudes towards gun reform. the personaln see anguish that the president is going through and he said that we have gone through this too many times. this is the first time where the

president has no someone personally who was a victim of this crime. the pastor at this church and a state senator in south carolina, these are people that the president had direct contact with, as well as to show obama, so it may be a little bit more personal this time around for president obama. the reassessment of gun safety and gun reform, this is the same thing that we've gone through after the new town shooting, and the senate blocked anything close to what the president wanted. we will see if this shooting changes any talks, but the outlook for that kind of nowslation is up, and republicans now control both chambers of congress and it seems even less likely that there will be a viable path forward for gun legislation. olivia: peter cook, thank you so much. peter cook, our washington correspondent joining us from washington, d.c. and now here are the top stories terminal.loomberg

it is being called the biggest medicare fraud. the total amount involved is more than $700 million. almost four dozen of the suspects are doctors, nurses, and other medical professionals. more than 240 three were charged in the fraud bust. -- 243 were charged in the fraud bust. and the supreme court rules that a child's statements to a teacher or a therapist can be used in courtbe without the child testifying. and the state department announced that the u.n. it will have its next meeting at the palace hotel is that of the waldorf astoria hotel. a called for a major renovation that sparks fears of chinese eavesdropping and espionage.

these are your top stories this hour. pimm: just to pick up on your last story there, about the u.s. state department exiting the state- the u.s. department exiting the waldorf-astoria. the palace hotel was recently purchased by a south korean group for $805 million, so it remains to be seen whether there will be a complete exit from the waldorf, because as you know, the state department has the residence of the u.s. ambassador of united nations, i believe on the 42nd floor. olivia: of the waldorf tower? tower, so i waldorf believe if you go up to the 42nd floor, you can see the u.s. ambassador of united nations's office. and if you go down below

the waldorf-astoria, you can find a secret train track that fdr used. pimm: that's right, and it opened in 1893, and it was on fifth avenue, and some of it just include kerry clan -- include cary grant, the dalai lama, and others. olivia: and pimm fox. this has been great, thank you so much. pimm: i leave it all in your hands. olivia: much more to come on the "bloomberg market day." so you would probably be upset if your colleagues earned more than you did, and that is exactly what happened to the deutsche bank's ceo, he said $4 million, earned but some of his fellow traders 84ned $84 million, -- million euros, which equals $96 million.

and now we're joined now with suzy, our guest. suzy, this is while. -- wild. this is one thing if you work for a big hedge fund in new york, maybe you could earn $100 million, how do you earn a $100 million at deutsche bank in 2008? real absolutely, it is a reminder, especially from back then, that it shows that a real and an happened, individual earning that amount from that year is now under an investigation. that it is just amazing and i think it is a real reminder of how long it took thanks to wake up to the reality of what was happening. olivia: so who is this guy, and it sounds like sour grapes, but who is this guy that only got a four euro -- 4 million euro bonus?

ini: he was fired back ridl, and deutsche bank got of him, and let's remind ourselves, there was a record 2.5 billion dollar settlement with agencies around the world at that time, so he left his job as a result of that settlement and is now claiming that there are some bonuses that he was not paid and should have been paid back in 2008 and 2009 in order to become as writ with his colleagues at that time. become come as a writ with his call -- can is a commeserate with his colleagues at that time. i think this is a thing of the past, you would not come up against something like this at deutsche bank now and many economists agree that they will

get a certain percentage of profit from the banks. however, we have seen a certain amount of banks try to get around this by raising salaries, although not necessarily giving huge bonuses. so maybe the bonus equivalent may seem large, but yet, the packages are still high. olivia: yes, but they are still differing compensation from -- cashast bonuses bonuses. just one thing, because everybody gives us a lot of flak when we have stock bonuses out right, but it is hard to get your mind around a 100 million dollar bonus. any idea how much his group was bringing in her how much is boss was making? i don't know how much his particular group was making, but you're right, getting $100 million in 2008, that would be

about 11% of what he bought into the bank. so he would be very profitable as a traitor, however, looking back and to the context of what was going on with that, some of that profitability also is being called into question now. olivia: suzi, i think you and i are in the wrong business. suzi: i think so. [laughter] olivia: much more coming up on bloomberg -- on the "bloomberg market day." theill have the latest on greece bailout, coming up after the break. ♪

olivia: welcome back to the

"bloomberg market day." i'm olivia sterns. and now look at the european market close. >> we know of course that uncertainty up out greece has been spooking the markets, but i want to show you the impact of that uncertainty on the european market benchmark over the last three months. you can see the benchmark hit a peak in april, but it has dropped so much in fact that it is heading to its worst quarter in three years. this is the most since 2009. so that really is the impact of greece over the three months. if you look at the one date chart, you can see it recouped its losses earlier to trade pretty flat. theou look across at national equity benchmark, you can see that actually a number of them have rallied, rebounded. that isup more than 1%, in germany.

the athens stock exchange is up, and you could say that is surprising, considering that the euro zone finance meeting is happening in luxembourg. there are no signs of compromise for a greek deal. i can tell you that the rally is down against u.s. data. if you look at the euro, you can see that is rallying as well. you know what? this is also about the u.s.. ais came in software be at weaker dollar, that is why we are seeing a stronger euro. it suggests it was the feds and not greece spooking currency traders. back to you. olivia: $1.14, that seems expensive nowadays, doesn't it? and now we are looking at the chinese real estate market. stephen engle has this report from hong kong. china's relaxation of unitprice recovery has

prices falling for a third month in a row. tracked saw cities a decline and several cities saw higher prices. that is an improvement over both march and april. many are getting back into the market thanks to these market outlooks and new rules. rose 6.6% ines just one month, the fastest pace since 2011. and of course, with an apartment, that sounds fantastic. that does not happen in the u.s.. or that, i want to go to julie hyman who has the big stories of the market day. julie: i wish -- olivia: what? [laughter] at whatet's take a look is going on here in the u.s. with major averages. anyway, we are seeing major averages up.

nasdaq is trading at a new record. stocks have rose after a high of the new session, and greece's creditors were talking about extending its deadline, its repayment deadline, to september. so we saw the stocks take a bit of a leg up on that. that is the report we are working on and we are trying to figure a whether indeed that is the -- whether that is in deed the case. stocks happened yesterday after hearing that the fed is going to be gentle, gradual with its three -- with its increases. and we looked at the increase of the last rate cycles, and we found that stocks rose by about 3.8% in the three months before the fed began raising rates. so you are looking at the five prior examples of that. -- '86, '88,004

'94, 2004, and 2008. so what happens after the fed raises rates? so good. not look we saw a poll backs and that's when stocks actually start going up. elsewhere in the market, we are seeing some a stocks fall as others rise, which is not surprising. there is a concern of a three-day decline in the vix. and you can see that this is a longer-term chart of the vix, so there is a record for the russell, that is an index of small caps. look at the treasuries and the reaction to the yellen comments. the yields are pushing higher, and finally, the dollar, how is the dollar doing?

as we look at a basket of currencies, it is at a low of one month. it also has a leg up regarding those greece comments. right now it is down just 2/10 of 1%. olivia: thank you very much, that was julie hyman, our senior market correspondent. now here is a look at the top stories we are tracking this past hour. aaron b&b has a -- airbnb has a valuation of $240 billion. of $24s a valuation billion. and facebook is taking after professional football to increase diverse city. it is implementing its own rooney rule. bloomberg news reports that some facebook departments are required to interview at least one minority candidate for open positions. alexander hamilton, you are being replaced by a woman.

the $10 bill is being redesigned and will face -- will feature the first woman to have her face on a bill in over 100 years. the 100thhappen at year anniversary that women got the right to vote with the passage of the 19th amendment. so we will have both alexander hamilton and both though woman that we choose to put on the $10 bill. mark crumpton is joining me now on set. spoiler alert, mark crumpton. the criteria is that it has to be someone who represents democracy and it can't be a living woman. so i am thinking more of someone like rosa parks or harriet tubman. anthony, eleanor roosevelt, there are so many great women in our history who are not shown on our currency.

i can't believe it was a little girl who wrote to president obama asking why women were represented. by the way, someone is reading those letters, that is new to me. he said he thought it was a great idea and decided to do something about it. speaking of ak: good idea, did you see the bloomberg cake? olivia: i did see the bloomberg cake. guy, we have a wedding cake for a groom it in the shape of the bloomberg terminal. one of the screens has a message to the guests at the wedding, and the other cake has a keyboard. mark, would you take a bite? mark: if there is an out function, yes. the out function -- olivia: look at that bloomberg chart. i don't know if you know this, but i actually bake a fair amount, and that is not easy. mark: olivia has been known to

bake and to bring baked goods here. olivia: that is really, really hard. very impressive, but if i am the wife of the prospective groom or the soon to be wife, you really need to get out more. but look at that. olivia: right, there is the bloomberg terminal cake, everybody. another one of those down to the wire situations with greece. we have been talking about this and talking about this. this is now a showdown between it will enjoy goal -- four gun theolfgang and ahead of

greece government. but the question has to be asked , is greece going to go bankrupt and if it does, what will happen? will greece leave the euro and will that cause a contagion? will that cause a ripple effect? this is greece, so if i am the united states, why should i care? you should care. care, that isould the question that everybody is asking. everybody likes to write it off, but the question is, will it be a sort of lehman brothers style situation for europe? mark: will those headwinds make their way across the atlantic to hear in the united states just when their economy is picking up in the unitedre states just when their economy is picking up steam? olivia: don't go away, we've got a lot more coming up on the day," comingrket

up in just a few minutes. ♪

olivia: this afternoon, we want to look back at the storied career of jimmy lee. died suddenly yesterday of a heart attack at his home in connecticut. ♪ >> jimmy lee, the legendary jp morgan dealmaker passed away monday morning. he was just 62. in his career on wall street, he earned a reputation of a master dealmaker. front and center of major deals in america. >> jimmy lee was a consummate banker. he never gave up. he always thought there were ys of getting a deal

done. ipo, the dellors buyout, and most recently, three massive tech ipos, facebook, twitter, and alibaba. was wellve rolodex known throughout wall street and earned him a trillion dollar track record, but so did his charismatic personality. you mixowed how aggressiveness with being nice. his legacy is if you are going to be a banker, that is how you are going to be. >> he ditched the pinstripes for for the mark zuckerberg announcement of facebook's ipo. >> he represented everything that is good about j.p. morgan chase. wasamie dimon wrote that he

an incomparable force of nature. lee's loss will be felt like friends and colleagues alike, but his legacy be forever etched on wall street. justa: jimmy lee, dead at 62 years old. we will be back in just a moment. >> he was a pioneer, he changed with the times. outwork anyone. he had a great vision of where the business was going and was as good as anyone i had ever town in using his wisdom convince you that he could solve your problem, and he did it with a great attitude and a great client focus. ♪

. .

olivia: good afternoon. mark: this is the bloomberg market day.

it is down to the wire again for greece as the nation faces critical deadlines to pay the imf and reach a new deal on aid with europe. olivia: we have an exclusive interview with venture capitalist john doerr. mark: and the treasury department making history by announcing a woman will be honored on the face of the new $10 bill. we will tell you what's behind that decision. olivia: good afternoon. mark: thank you for joining us. let's begin with a look at the markets. stocks on the rise -- a nasdaq composite hit an all-time high earlier, when day after the fed signaled it would continue to